City of Lamar Sales Tax Revenue Report

Russ Baldwin | Feb 14, 2023 | Comments 0

There were slight gains in sales tax revenue posted from the December 2022 report. City Sales tax revenue was up 1.96% for a gain of $9,918 putting 2023 figures at $515,716 compared to $505,797 for 2022. Use Tax collections were down 10.65% for a drop of $4,887, while Total collections were up 0.75% for a gain of $4,243 over last year at this time. Collections for 2023 are at $569,251 compared to $565,007 for 2022. Year to date collections automatically reflect the current summary.

A mix of gains and losses was indicated from the 12 retail categories listed by sales tax revenue:

	2021	2022	2023
Auto Parts-Vehicle Repair	12,276	15, 132	18,094
Building Materials	12,502	12,563	13,558
Apparel and Department Stores	131,300	136,507	153,126
C-Stores and Gas Sales	18,439	20,140	16,415
All Business-Electricity	103,846	47,282	33,790
Furniture-Appliances-Electronics	3,476	7,009	6,177
Grocery Stores	26,857	46,348	28,219
Hotels – Motels	10,436	10,162	10,325
Liquor Sales	11,324	13,673	15,798
Manufacturing	5,565	3,578	4,311
Other Retail-All Other	205,059	219,264	204,330
Restaurants	29,266	39,297	36,362